Waiver of Loan - GST Perspective

1.  A 'loan waiver' is the waiving of the real or potential liability of the person or party who has taken a loan through the voluntary action of the person or party who has taken loan. In contrast to loan waiver there is also a concept of 'loan write off' wherein the loan is removed from the Balance Sheet, however right to collect the amount from borrower still exists. In the month of April…